Volvo Cars prices €500m bond issue

Volvo Cars, the premium car maker, is pleased to announce it has priced its debut senior notes offering. The Swedish company has priced €500 million aggregate principal amount of 3.25% senior notes due 2021 at par.

Proceeds from the bond issuance are being used for general corporate purposes and will increase the company’s financial flexibility and diversify its funding sources. The offering is expected to settle on or about 18 May 2016, subject to customary conditions precedent for similar transactions.